Brazil

• Wednesday, May 20th 2015 - 05:44 UTC

  Beijing to the rescue of sliding Brazil: 53bn dollars in trade, finance and investment

  

  Beijing has come to the rescue of Brazil's slumping economy with trade, finance and investment deals worth at least 53 billion dollars in energy, mining, aviation and upgrading of dilapidated infrastructure.

• Tuesday, May 19th 2015 - 07:33 UTC

  Chinese PM in Brasilia; Beijing prepared to invest 100bn in transport and energy

  

  China's Premier Li Keqiang arrived in Brasilia on Monday to sign agreements on infrastructure, energy and aviation that experts say could reach 100 billion dollars. The South American tour also includes Colombia, Peru and Chile and aims to restructure China's resource-driven trade with Latin American countries by including more value-added products.

• Saturday, May 16th 2015 - 07:58 UTC

  Congress upsets Rousseff: votes to boost pension benefits

  

  Brazilian President Dilma Rousseff saw allies and members of her own Workers’ Party challenge her in Congress by voting in favor of boosting pension benefits.

• Saturday, May 16th 2015 - 07:46 UTC

  Levy tries to convince investors in London that Brazil slowdown is temporary

  

  Brazilian Finance Minister Joaquim Levy said he expected the country’s economic slowdown to be temporary and that fiscal discipline remained central to ensuring the recovery as a commodity price boom waned. Addressing investors in London, Levy said fiscal discipline was needed to cushion the economy against the inflationary effects of the falling Real currency.

• Friday, May 15th 2015 - 07:53 UTC

  Uruguay convinced Mercosur will be more flexible regarding trade accords with third parties

  

  Mercosur countries have reached a basic consensus to look for mechanisms that will allow individual members to negotiate trade agreements outside the block, announced Uruguay's foreign minister Rodolfo Nin Novoa, who has been leading a strong campaign (with Brazilian support) on the issue.

• Friday, May 15th 2015 - 07:32 UTC

  Petrobras production from pre-salt fields reaches milestone 800.000 bpd

  

  Brazil’s Petrobras said that oil production in Santos and Campos basin pre-salt fields reached a milestone production volume of 800Mbbl/d. The volume was recorded on April 11, with 74% (590Mbbl/d) Petrobras’ share with the remainder belonging to partner companies working in different pre-salt areas.

• Friday, May 15th 2015 - 07:23 UTC

  Brazil waiting for 50bn dollars of Chinese support to overhaul infrastructure

  

  China will invest 50 billion dollars to help overhaul Brazil's aging infrastructure, the government announced on Thursday, ahead of an official visit by Chinese Prime Minister Li Keqiang next week. Brazil has repeated that it was determined to overhaul its dilapidated roads, railways, airports and ports.

• Thursday, May 14th 2015 - 08:34 UTC

  Rousseff expected at the White House next June 30: a long delayed bilateral agenda waits

  

  Next June 30 Brazilian President Dilma Rousseff will visit Washington D.C. to meet with President Barack Obama, a highly anticipated event given tensions between the two governments over the past two years.

• Thursday, May 14th 2015 - 07:30 UTC

  Brazil's austerity measures to balance the budget start moving in Congress

  

  Brazil's Congress Lower House passed a bill on Wednesday toughening access to social security pensions, the second measure approved in a week to cut benefits in a drive to reduce a growing fiscal deficit.

• Wednesday, May 13th 2015 - 08:29 UTC

  Petrobras still Latam's top company but fell to second-worst performer because of corruption losses

  

  Brazil's state oil giant Petrobras remains Latin America's top company in revenues, but has lost its position as the profit leader after posting record losses last year due to a growing corruption scandal and administrative inefficiencies, according to a new ranking of the region's 500 largest companies from digital publication Latinvex.